Bharat Rasayan (BOM:590021) ROCE % : 4.54% (As of Sep. 2023)

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What is Bharat Rasayan ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Bharat Rasayan's annualized ROCE % for the quarter that ended in Sep. 2023 was 4.54%.

Bharat Rasayan ROCE % Historical Data

The historical data trend for Bharat Rasayan's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Bharat Rasayan ROCE % Chart

Bharat Rasayan Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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42.02

41.62

32.79

31.67

21.35

Bharat Rasayan Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															15.40	22.83	20.70	3.50	4.54

Bharat Rasayan ROCE % Calculation

Bharat Rasayan's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	1798.139	/	( ( (10855.566 - 3044.004)	+	(10736.203 - 1705.136) )	/ 2 )
	=	1798.139	/	( (7811.562	+	9031.067)	/ 2 )
	=	1798.139	/	8421.3145
	=	21.35 %

Bharat Rasayan's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	416.4	/	( ( (0 - 0)	+	(11450.256 - 2283.722) )	/ 1 )
	=	416.4	/	( ( 0	+	9166.534 )	/ 1 )
	=	416.4	/	9166.534
	=	4.54 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Bharat Rasayan (BOM:590021) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Bharat Rasayan ROCE % Related Terms

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Bharat Rasayan (BOM:590021) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Bharat Rasayan Ltd (BOM:590021) » Definitions » ROCE %

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BHARATRAS:India

Address

1501, Vikram Tower, Rajendra Place, New Delhi, IND, 110008

Website

http://www.bharatgroup.co.in

Bharat Rasayan Ltd is engaged in the business of agrochemicals. The company is the manufacturer and exporter of pesticides, technical formulation, and intermediaries. The Company operates only in one business segment which is pesticides. Its product categories include Insecticides; Herbicides; Fungicides and Plant Growth Regulator.

Bharat Rasayan (BOM:590021) Headlines

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